China Tech Startup Nabs $120 Million To Go Global With Softbank's Support

CEO Wang presents new service

Chinese tech startups continue to make big strides forward. The latest example is mobile Internet company Wandoujia.
The Beijing-based, three-year-old startup just raised $120 million in one of the largest venture capital financings seen in China’s short Internet history. The funding from Softbank, Innovation Works and DCM was significant not only for its size but also for proof that the innovation culture is progressing in China — so far.
Like at more and more Chinese tech companies, the aims are high. Co-founder and CEO Junyu Wang has global ambitions for his innovative mobile app search engine and gateway across games, videos and music.  ”The product is first for Chinese users,” said Wang, “but over the long term, our aim is to create global technology.”
Keep reading this Silicon Dragon post at Forbes.com: Wandoujia.